Wondering if the vacancy rate is higher in the area as it seems more advantageous to just buy a house and pay mortgages rather than renting.

Sounds like you have a great advantage with your background and time living locally.

Given your location in Los Angeles, Vegas's proximity is indeed an advantage, making it easier to oversee your investment without the need for a local property manager initially.Research local ordinances around short-term rentals and evaluate HOA restrictions before making a decision.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Consolidate your Texas Series LLC to own and manage your Texas LTRs and STR, eliminating the need for the Wyoming LLC and C-Corp unless specific anonymity or tax advantages justify their costs.

This flexibility lets investors scale their portfolios without being tied down by traditional income verification, which is a huge advantage for those actively building wealth through real estate.I’ll check out that BP article, thanks for the recommendation!

Are you taking advantage yet? 

I get a sense here that people don't really know what there actually investing into here’NAIL ON HEADIf you are an ACTIVE participant in an investment, you can SOMETIMES obtain high yield without high risk, that is, take advantage of a mismatch between risk and returnAs a passive participant, there is NEVER a mismatch, unless it’s higher risk than the return warrants.

I would just ask lots of questions and determine your advantages (time, money, knowledge, etc.) before deciding on an investment strategy.  

Maybe even failure to take full advantage of an opportunity, resulting in a loss of potential profit or benefit.